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Year : 2017, Volume : 8, Issue : 2
First page : ( 113) Last page : ( 120)
Print ISSN : 2249-3212. Online ISSN : 0975-8089. Published online : 2017  1.
Article DOI : 10.5958/0975-8089.2017.00009.4

Crypto Coin Overview of Basic Transaction

Vijayalakshmi J.1,*, Murugan A.2,**

1Research Scholar, PG & Research Department of Computer Science, Dr. Ambedkar Government Arts College (Autonomous), University of Madras, Chennai, Tamilnadu, India

2Associate Professor & Head, PG & Research Department of Computer Science, Dr. Ambedkar Government Arts College (Autonomous)University of Madras, Chennai, Tamilnadu, India

*(*Corresponding author) email id: *jeyamaha2002@gmail.com



A digital currency is similar to fiat currency which supports instantaneous transactions, imprecise transfer of ownership which can be used in trading of physical goods and services, online gaming and other trading purpose. Like physical money, it is not generated by third parties; it is primarily generated by network of computers, and it is also controlled by the group of miners. Cryptocurrency is a subset of digital currency which supports transactions in anonymous manner and tightly secured using cryptographic algorithms. In this paper, we made a research on cryptocurrency, their opportunities, excellence and loss of credit that is used in business transaction. We constructed the genesis block and build up the simple and complex raw transaction using command line interface. We try to fix the double spending of same crypto coin more than once.



Bitcoin, Crypto currency, Double spending, Fiat currency, Genesis block, Transactions types, Virtual currency.


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